GA SB330

Prohibits health insurers from rescinding or canceling policies, or denying claims, based on policyholder misstatements or omissions unless the misstatement directly relates to the illness or condition that produced the claim, with an exception for cases of fraud

Bans accident and sickness insurance policies with annual or lifetime benefit limits from being delivered or issued in Georgia, while exempting limited benefit supplemental policies such as dental, vision, disability income, long-term care, and medicare supplement

Extends dependent coverage under group and blanket accident and sickness policies to children up to and including age 25, removing the prior requirement that dependents be enrolled as full-time postsecondary students

Eliminates specific dollar caps on the high-risk health insurance plan, replacing the former $100,000 annual limit and $500,000 lifetime limit with no annual or lifetime limits per covered individual

Applies to all plan years beginning on or after January 1, 2011, covering both newly issued policies and renewals of existing policies